Kolkata: The Indian Institute of Management
Calcutta (IIM-C) on Saturday decided to hike its fees by 50 per cent
to Rs 13.5 lakh from the current session.
After a board meeting, IIMC board of Governors
chairman Ajit Balakrishnan said the fees for their two-year
course has been raised to Rs 13.5 lakh from the 2010-12
session.
The increased fees will now match those of IIMs in
Ahmedabad and Bangalore.
Citing the reason for fee hike, Balakrishnan said it
would meet the increasing expenditure for infrastructure,
greater faculty allocation and spending for research-related
activities.
He said the institute also intends to extend fee waiver
to more needy students. At present, it offers fee waiver to
around 10 per cent of students who fail to arrange funds.
The fee hike will also prevent IIMC from under recovery
and meet its current expenditure.
This year the number of students will be 462 as against
410 in the last year.
PTI
